Natural Gas Trend Today Technical Analysis for 04-12-2019 18:00:04

by wealthmann

December 4, 2019

15

In 1 hour chart Natural Gas price continues to trade at 171.3 and below the (Exponential Moving Average)EMA200 value of 179.419 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Natural Gas continues to trade below level, that could be an extraordinarily Bearish sign for Natural Gas

Even so, the 200-candle Exponential moving average (EMA) price range of 179.419 is proving a tough nut to crack.

Pivot (invalidation): 175.933

Our preference: Long positions above 183.467

Alternative scenario: Below 171.367 look for further downside.

Support Resistance Levels For Natural Gas Today at 04-12-2019 18:00:04

Pivot: 175.933

Resistance 1: 183.467

Resistance 2: 188.033

Resistance 3: 195.567

Support 1: 171.367

Support 2: 163.833

Support 3: 159.267

Yesterday High Low Close For Natural Gas

Yesterday High: 180.5

Yesterday Low: 168.4

Yesterday Close: 178.9

Today at 04-12-2019 18:00:04 Natural Gas trading at 171.3 with high of 177.4 and low of 170.8